ELA, Laiki, the inquiry, and critical issues
By Stefanos Hailis IN ACCORDANCE with the European legal and operational framework concerning emergency liquidity assistance (ELA), the funding is granted in a crisis situation...
Central Bank of Cyprus
‘Turf war’ underway for BoC board
By Elias Hazou CENTRAL Bank governor Panicos Demetriades yesterday held separate consultations with Bank of Cyprus (BoC) stakeholders to discuss names for the bank’s new...
AG’s office neither confirms nor denies probe into co-op boss’s loans
By George Psyllides A SENIOR state official neither confirmed nor denied on Monday whether instructions had been given to investigators to look into claims the...
Greek debt acquisition could not be stopped
A former senior Central Bank (CBC) official said on Tuesday the regulator could not have stopped the island’s banks from investing in large numbers of...
‘Best solution’ being sought in BoC dilemma
By George Psyllides THE CENTRAL Bank of Cyprus (CBC) will hold talks with interested parties in a bid to come up with the best solution...
House working to limit CBC powers over new BoC
By Stefanos Evripidou PARLIAMENT IS working to limit the powers of the Central Bank of Cyprus (CBC) as the resolution authority over the former Laiki...
BoC deposit haircut is 47.5 per cent, says Central Bank
The Central Bank said on Tuesday 47.5 per cent of deposits over €100,000 in Bank of Cyprus would be converted into shares to recapitalise the troubled...
Cyprus bows to troika on haircut figure
By Elias Hazou THE CENTRAL Bank of Cyprus (CBC) has agreed a 47.5 percent haircut with international lenders on deposits exceeding €100,000 in the Bank...
CBC delayed in halting internet banking on March 16
By Poly Pantelides THE CENTRAL Bank of Cyprus (CBC) delayed shutting down internet banking on March 16, giving depositors the chance to move untold millions...
Grudging deal at parliament not to probe CBC chief’s actions
By Stefanos Evripidou THE HOUSE Ethics Committee yesterday “unanimously” agreed- despite murmurs of disagreement- not to request a further probe into allegations that Central Bank...
